Wall Street Claws Back Some Of Its Losses From Earlier In The Week

Wall Street is clawing back some of its losses from earlier in the week as pressure eases from the bond market on Thursday.

Stocks were broadly steadier as Treasury yields in the bond market slowed their jump from earlier in the week.

The S&P 500 was 0.5% higher in morning trading, coming off a back-to-back loss.

The Dow Jones Industrial Average was edging down by 6 points, or less than 0.1%, as of 10:45 a.m. Eastern time, and the Nasdaq composite was 1.1% higher, as reported by Stan Choe for the Associated Press (AP).

Big Tech stocks were helping to lead the way, including a 2.6% climb for Apple. Fastenal jumped 7.2% for the biggest gain in the S&P 500 after the distributor of safety supplies, fasteners, and other products reported a bigger quarterly profit than analysts expected.

They helped offset a warning from Humana about how higher costs would eat into its profit. The insurer tumbled 11.3%.

Stocks were broadly steadier as Treasury yields in the bond market slowed their jump from earlier in the week.

Yields had been climbing as traders pushed back their forecasts for how soon the Federal Reserve will begin cutting interest rates. Higher yields, in turn, undercut prices for stocks and raise the pressure on the economy, as reported by Yuri Kageyama and Matt Ott for AP.

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